Piers Linney, the chief executive of Manchester’s Outsourcery has announced he is quitting Dragons’ Den.

He becomes the third “Dragon” to quit the show after this series, following Kelly Hoppen and Duncan Bannatyne.

Filmed at MediaCityUK’s Dock10, it’s currently in its twelfth series.

Of his decision, Linney stated:

“I have had a fantastic experience on Dragons’ Den and feel honoured to have had the opportunity to contribute to such an iconic and long-running TV show and to have been the first Dragon with Afro-Caribbean heritage.

“It is now the right time for me to move on, although entrepreneurship and diversity are two of my greatest passions so I will continue to focus my energies on supporting both.”

During his two years in the Den, Linney was behind one of the biggest investments, with a £100k stake in publishing company, Lost My Name, in return for a stake of just 4%.

In August Linney revealed that he and his co-chief executive at Outsourcery would be sacrificing their salaries for a year, as part of a financing package.